Which country's State Bank allows the use of Chinese Currency Yuan for Bilateral Trade & Investment Activities(2018)?
Correct answer: A. Pakistan
- A. Pakistan
- B. Saudi Arabia
- C. Iraq
- D. Albania
Explanation
Pakistan’s State Bank authorised the Chinese yuan for bilateral trade and investment transactions. The measure supported expanding Pakistan-China economic and financial links.
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About Economy and Budget
Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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509 free Economy and Budget MCQs from Pakistan Current Affairs, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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